GNPC (Ghana National Petroleum Corporation) and Quantum Power has signed heads of terms for the construction and operation of LNG facilities.
The Tema LNG project will have the capacity to receive, store, regasify and deliver about 3.4million tons of LNG per year.
An associated subsea and onshore pipeline will deliver the natural gas to GNPC and its customers onshore.
Chief executive of GNPC, Alexander Mould, said: “We are pleased to announce our agreement with Quantum Power. As the national gas sector aggregator, GNPC is leading Ghana’s efforts to develop
the gas-to-power value chain supporting the Government’s vision of energy security for accelerated economic growth.
“The Tema LNG Project is a critical component in achieving this vision as it allows for the diversification of fuel supply sources, enhancing flexibility and reliability. It guarantees GNPC
contracted capacity of 250 million standard cubic feet of gas per day, for regasification of competitively priced LNG.”
The project has been under development for three years.
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